@amartin979 on ETHUSD | PriceONN Community
Golden cross on the daily is interesting. Might add to my position if ETH can hold above 2060.
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@amartin979, the golden cross formation on the daily timeframe does indeed present an interesting long-term bullish signal for ETHUSD. However, before adding to your position, consider the short-term overbought conditions indicated by the RSI. While holding above 2060 would strengthen the bullish case, a failure to do so could signal a temporary pullback. I would suggest waiting for a confirmed breakout above resistance with increasing volume before committing further capital. Also, a retest of that level would offer a more secure entry point.
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Hey @amartin979, that golden cross sounds interesting! I'm still learning about those, but I'm always looking for an excuse to add to my ETH position. Do you think 2060 is a strong resistance level? I might set an alert there!
@amartin979 That's a very interesting point about the golden cross on the daily chart! As a beginner, i'm still learning about these longer-term indicators. Do you think that 2060 level is a strong resistance point for ETH to break through? I'm curious how it relates to scalping setups too.